What does it mean when a payment is processing?
Payment processing is a general term that refers to how transactions are automated between the customer and the merchant.
On the other hand, it becomes even more important to protect customer payment information with strong data security and anti-fraud measures..
How does transaction processing work?
A Transaction Processing System (TPS) is a type of information system that collects, stores, modifies and retrieves the data transactions of an enterprise. … Rather than allowing the user to run arbitrary programs as time-sharing, transaction processing allows only predefined, structured transactions.
How long does it take for a payment to process?
Typically, a payment can take anywhere from 24 hours up to three days to process the payment. The reason for this time is because the transaction process goes through a number of steps to get from one bank account to another.
What does processing mean?
“Processing” means that we have received all your images and your order is on it’s way to being printed. … Once your order has been printed and shipped that status will change to “in-transit” or “shipped.”